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Sinopec Corp. nodded to issue corporate bonds

BEIJING
2015-11-09 10:07

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Asian top refiner Sinopec Corp. (SNP.NYSE; 00386.HK; 600028.SH) said recently it received an approval from China Securities Regulatory Commission on issuance of corporate bonds in 2015. Sinopec Corp. could sell no more than 50 billion yuan of corporate debt to qualified investors. First tranche of the debt shall be issued within 12 months after issuance of the approval. Issuance of remaining debt shall be finished within 24 months after the approval.

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